Underwriters serve as actuaries to determine whether an individual is fit for a certain type of loan. For example, mortgage underwriters collect financial information on an applicant and decide if the person has the ability to make the mortgage payments. They collect financial documents, review credit reports and check accuracy of client data.
Skill Sets: Underwriters should have great attention to detail. They should be able to read comprehensibly, organize data and possess strong math skills. They may work with the general public and should have good communication and customer service skills. Knowledge of office business machinery and office software is important.
Education: A high school degree or equivalent is required. Many companies prefer to hire a candidate with a bachelors degree in finance, management or business. Coursework in accounting, office software and office business machinery is a plus.
Career Path: Becoming an underwriter can be an entry level job, but often candidates are hired as loan processor or junior underwriter first. Work or intern at a financial institution like a bank or investment firm that employs underwriters to build your resume.
Update your browser to have a more positive job search experience.
Upgrade My Browser